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The results of the report were presented on Tuesday during an event organized in Nicosia by the Cyprus Investment Promotion Agency (CIPA).

Addressing the event, CIPA President Christodoulos Agkastiniotis said that the Agency advises the government on reform issues aiming to improve the investment environment,.

According to press release issued here today by CIPA, Agkastiniotis also assured that the Agency is willing to help stakeholders in promoting reforms within its own sphere of competence.

The World Bank`s Doing Business Report measures the ease of doing business in 183 countries, ranking them in 10 areas of

|||Cyprus ranked 40th worldwide in the World Bank's annual report entitled "DoingBusinessReport 2012".

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